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Stock impact report

Uber to invest over US$100 million in autonomous vehicle charging amid robotaxi push [BNN Bloomberg (Canada)]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: BNN Bloomberg
The move includes building DC fast charging stations at its autonomous depots where Uber runs day-to-day fleet operations, and at pit stops throughout priority cities. Uber has made autonomous vehicles a key strategic priority, partnering with more than 20 firms across the world on self-driving freight, delivery and taxi services, as it races to secure market share and fight competition from companies such as Tesla TSLA.O. The charging expansion will begin in the U.S. in the Bay Area, Los Angeles and Dallas before moving to more cities over time. The company is also partnering with chargepoint operators in global markets to set up “utilization guarantee agreements,” including with EVgo in New York, Los Angeles, San Francisco and Boston, Electra in Paris and Madrid, and Hubber and Ionity in London. These agreements are expected to support the rollout of hundreds of new chargers across these cities, and in places where charging is needed the most. Earlier this month, Uber bac Show less Read more
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